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UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Global | Publication | March 7, 2017
Turkey passed a new law governing the policies regulating the foreign labor force and the work permit regime for foreign workers in Turkey. Law No. 6735 on “International Labor Force” (Uluslararası İşgücü Kanunu) (the “Law”), was published in the Official Gazette dated August 13, 2016 and repeals the “Law on Work Permits of Foreigners” which is its predecessor.
Economic developments and big-ticket infrastructure projects undertaken in the last decade have brought highly skilled foreign workers into Turkey. The massive migration wave from neighboring countries is another factor in the revision of the existing foreign labor force policy. By passing the Law, the Turkish government has signaled its intention to attract more foreign talent.
The scope of the Law encompasses foreigners who work, have occupational training from an employer, do internships or render temporary services in Turkey.
The Law foresees the establishment of the Turkish International Labor Force Policy Council (the “Council”), whose purpose will be to determine and coordinate Turkey’s international labor force policy. The labor force policy will be based upon, among other things, international labor force mobility, economic and sector-specific developments and bilateral and international agreements to which Turkey is party.
The Ministry of Labor and Social Security will define the criteria for the implementation of a point-based system to be used in the assessment of work permit applications.
The Law also introduces increased flexibility in the work permit system by providing for more exemptions and allowing a case-by-case analysis for each work permit application.
The major amendments introduced by the Law may be summarized as follows:
Authorized intermediaries. Foreigners who wish to apply for a work permit or exemption from the need for a work permit may use an intermediary company authorized by the Ministry to file their application. Qualifications for and scope of work of such intermediary companies will be further determined under secondary legislation.
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In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
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Last November the Financial Conduct Authority (FCA) published Policy Statement 23/16 (PS23/16) containing final rules and guidance on sustainability disclosure requirements (SDR) and investment labels (UK SDR regime).
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International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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